Post
Topic
Board Economics
Re: Are cyoptoeconomics changing economic theory?
by
50ouncebrew
on 19/11/2017, 17:08:31 UTC
What do you think cryotocurrencies will do the current economical environment we have today? Tokenization is a way to digitalise assets, and this might force us to rethink value, as it is perceived today.
What is your opinion on this?

There is no doubt in my mind that economics is changing significantly as a result of the emergence of cryptocurrencies. All theory we had ever known up to 2010 was only about Gold, fiat, and such things and never considered the implications of peer-to-peer transnational systems which do not have middlemen and also are deflationary as opposed to inflationary (old model theory). With that said, it will take many decades until we know the full implications of this new technology on economic theory.